AMR Asia Valuation

Q: What is the Fair Price of AMR-R when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

AMR-R (THB1.01) is trading below our estimate of [[fair value]] (THB1.34)

Is AMR-R undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of AMR-R when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AMR-R (THB1.01) is trading below our estimate of fair value (THB1.34)

Significantly Below Fair Value: AMR-R is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AMR-R?

Key metric: As AMR-R is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for AMR-R. This is calculated by dividing AMR-R's market cap by their current revenue.
What is AMR-R's PS Ratio?
PS Ratio	0.8x
Sales	฿735.34m
Market Cap	฿596.62m

AMR-R key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1x
Enterprise Value/EBITDA	-5.5x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does AMR-R's PS Ratio compare to its peers?

The above table shows the PS ratio for AMR-R vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	0.5x
VCOM Vintcom Technology	0.4x	n/a	฿749.1m
IIG I&I Group	0.6x	n/a	฿584.1m
I2 I2 Enterprise	0.3x	n/a	฿613.2m
TERA Terabyte Plus	0.7x	n/a	฿333.6m
AMR-R AMR Asia	0.8x	n/a	฿596.6m

Price-To-Sales vs Peers: AMR-R is expensive based on its Price-To-Sales Ratio (0.8x) compared to the peer average (0.5x).

Price to Sales Ratio vs Industry

How does AMR-R's PS Ratio compare vs other companies in the TH IT Industry?

1 Company	Price / Sales	Estimated Growth	Market Cap
SVOA SVOA	0.1x	n/a	US$35.43m

No more companies available in this PS range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: AMR-R is expensive based on its Price-To-Sales Ratio (0.8x) compared to the TH IT industry average (0.8x).

Price to Sales Ratio vs Fair Ratio

What is AMR-R's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AMR-R PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.8x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate AMR-R's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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